Logo of Zahrat Al Waha for Trading Co.
Zahrat Al Waha for Trading Co.s board of directors today, Aug. 19, recommended splitting the stock nominal value from SAR 10 to SAR 1, according to a statement to Tadawul.
However, the company confirmed that the capital will remain unchanged at SAR 225 million, stressing its commitment to completing all regulatory procedures and obtaining the approval of the extraordinary general assembly (EGM).
Stock Split Details
Current Capital
SAR 225 mln
Number of Shares
22.5 mln
Current Share Par Value
SAR 10
New Capital
SAR 225 mln
New Number of Shares
225 mln
Par Value After Stock Split
SAR 1/share
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The company noted that any updates will be announced in due course.
